Xcel Energy earnings miss, Revenue beats in Q3

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Xcel Energy earnings miss, Revenue beats in Q3
Credit: © Reuters.

Investing.com - Xcel Energy reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Xcel Energy announced earnings per share of $1.13 on revenue of $3.47B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $3.41B.

Xcel Energy shares are down 4% from the beginning of the year and are trading at $63.39 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 21.03% year to date.

Xcel Energy follows other major Utilities sector earnings this month

Xcel Energy's report follows an earnings beat by NextEra Energy on Wednesday, October 20, 2021, who reported EPS of $0.75 on revenue of $4.37B, compared to forecasts EPS of $0.716 on revenue of $5.44B.

Kinder Morgan had missed expectations on Wednesday, October 20, 2021 with third quarter EPS of $0.22 on revenue of $3.82B, compared to forecast for EPS of $0.237 on revenue of $3.26B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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